Month: February 2021

American Lithium Reaches Agreement to Acquire Plateau Energy Metals and Consolidate Development-stage Lithium Assets

By SightlineU3O8   Posted in Equities
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Vancouver, British Columbia and Toronto, Ontario – February 9, 2021 – American Lithium Corp. (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) (“American Lithium”) and Plateau Energy Metals Inc. (TSXV:PLU | OCTQB:PLUUF) (“Plateau”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) to consolidate two significant and strategic undeveloped lithium assets in …

T.DML Announces 2020 Phoenix Expansion Drilling Returns Best Results to date at Zone C

By SightlineU3O8   Posted in Equities
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TORONTO, Feb. 9, 2021 /CNW/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE: DNN) is pleased to report the results from the 2020 exploration and expansion drilling program focused on the area proximal to the high-grade Phoenix uranium deposit (“Phoenix”) at the Company’s 90% owned Wheeler River Uranium Project (“Wheeler River”). During the …

T.DML Announces Ramp-Up of Wheeler River Evaluation Activities in 2021

By SightlineU3O8   Posted in Equities
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TORONTO, Feb. 8, 2021 /CNW/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE: DNN) is pleased to announce its 2021 evaluation program plans for the Company’s 90% owned Wheeler River Uranium Project (“Wheeler River” or the “Project”), including additional field testing activities to support the further de-risking of the application of the In-Situ Recovery (“ISR”) …

The Benefit Of Extending Usage of Nuclear Plants

By SightlineU3O8   Posted in Demand U
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As the weekly uranium spot price continues to move in a tight range, new research explores the effect of delaying nuclear plant closures on global uranium demand. -The effect on uranium demand of delaying plant closures -Fourth quarter results for Kazatomprom -Uranium spot price falls marginally In the wake of President Biden’s inclusion of nuclear …

First silver, now uranium — fears of supply shortages drive up yellowcake share prices

By SightlineU3O8   Posted in Demand Equities U
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While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, …

Cameco, Uranium Stocks Soar After BofA Predicts Jump In Global Uranium Demand

By SightlineU3O8   Posted in Demand U
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While we have previously laid out the bullish case for uranium stocks in general, and Cameco (CCJ) – which controls the world’s largest high-grade uranium reserves and low-cost operations and is one of the largest global providers of the uranium fuel – in particular (here, here, here and here), today this thesis got a swift boost …

Top uranium miner Kazatomprom meets 2020 guidance, production drops 19%

By SightlineU3O8   Posted in Production U
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The world’s largest uranium producer Kazatomprom reported Monday that its full-year 2020 uranium production of 10,736 tonnes of uranium (reported as U3O8) was within the guidance despite a 19% production drop over 13,291 tonnes mined in 2019. The company said that on both a 100% and attributable basis, production volumes for the fourth quarter and …

T.FCU Focused on Resource Expansion and Project De-Risking with 43-hole Drill Program

By SightlineU3O8   Posted in Equities
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KELOWNA, BC , Feb. 1, 2021 /CNW/ – FISSION URANIUM CORP. (” Fission ” or ” the Company “) is pleased to announce drilling plans for 2021, which include a 43-hole ( 12,640 m ) program at its PLS property – host to the large, high-grade and near surface Triple R deposit – in Saskatchewan, Canada . The fully funded program aims to increase the Indicated classified resource …

Berkeley threatens to claim 500 million euro from Spain if proposed uranium mine vetoed

By SightlineU3O8   Posted in Equities U
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Pressure mounts around controversial Retortillo uranium mine project in Spain as Berkeley Energia threatens to claim EUR 500 million (US$603.45 million) from the Spanish government if proposed climate law jeopardizes authorization for Retortillo. Local media sources reported yesterday that Francisco Bellón, president of Berkeley Spain, advised that they will activate all the legal mechanisms at …